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The cost of credit to individuals slightly increase

The interest rates on loans to individuals observed in the 4th quarter of 2024 still remain slightly higher than those observed a year earlier, notes Iédom, and increased slightly. “Their reduction should nevertheless materialize with the reduction in the ECB’s key rates”, reassurestheinstitute. The average rate of home loans thus increased by 27 basis points (pdb),...

Waste : AFD supports Sydne

The Joint Waste Treatment Union of the North and East of Reunion Island (Sydney) received support from the French Development Agency on March 13 (AFD) to support its modernization and transformation plan. The AFD will finance to the tune of 480,000 euros the mission of a design office aimed at “supporting the organizational transformation of the union in....

The number 1 123

This is the number of business failures recorded in 2024 in Reunion by Iédom. It is up 29,5% compared to 2023 and contributes greatly to the increase of 14,3% of overseas failures in the euro zone. In Guadeloupe, failures are progressing but at a slower pace (+8,6 %) with 341 procedures. Conversely, the...

Over -indebtedness of Reunionese households with a magnifying glass

The latest monthly barometer and the annual typological survey on the over-indebtedness of overseas households from the Issuance Institute of Overseas Departments reveals various particularities of the situation in Reunion. Overindebted people in Reunion are more often single men than in other overseas territories., less often single women. They rarely own (— 6%), most often tenants and more...

IRT signs a partnership in Germany

À l’occasion de l'ITB, international tourism fair organized in Berlin from March 4 to 6, Reunion Island Tourism has signed a partnership with Dertour, first German tour operator. Alongside 19 professionals from Reunion and 8 BTS tourism students from Évariste-de-Parny high school, the Reunion delegation participated in several highlights of the show, notably....

The economic situation remains gloomy

The cyclical trends of the Institute for the issue of Overseas Departments for the 4th quarter 2024 reflect a gloomy atmosphere. The business climate indicator, which synthesizes the opinion of business leaders questioned, drop to 94,4 (-1,2 point). "He has been playing below his long period of time since four consecutive quarters, suggesting that the economy is struggling to regain its dynamism ", comments Iédom. The...

SHLMR, Tufa, Sodegis : 400 million to invest in two years

On March 19, the SHLMR invited Sodegis and Sedre to economic meetings bringing together more than 200 construction companies., institutional partners and social housing stakeholders. Goal : give visibility to companies in future markets, strengthen synergies between donors and partners, and support the local sector. Cet...

The annual result of CBO Territoria up 3,3 %

The decline in CBO Territoria promotion activities generated a global drop in turnover in 2024 (-21 %), But the performance of its property activities allows an increase of 3,3 % of its group share of the group, at 14,6 million euros. The recurring net income of the property increases by 21,2 %,...

Heldes helped : 230 million euros in state support in 2024

The Departmental Council for Housing and Accommodation met at the end of February in plenary assembly to take stock of the year 2024, who highlighted the importance of state aid for the construction and rehabilitation of assisted housing. They amounted to 230 million euros last year : 85 million subsidies from the single budget line,...

David Amiel takes Bourbon Bois

Until then specializing in solar hot water (Salam, Dak Industries), entrepreneur David Amiel was selected to resume the activities of Bourbon Bois. The company, which had a new factory in the Pierrefonds area, had been liquidated in 2023. The brutality of his failure had plunged into the greatest difficulties 28 families with often modest income, whose boxes ...
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